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News Release
JCC-indexed LNG contracts could lose US$15 billion value post IMO 2020
- 21 11月 2019
Wood Mackenzie’s latest report reveals that LNG sellers with contracts linked to JCC (Japan Crude Cocktail) could lose some US$15 billion in unearned revenues. This is a result of the IMO 2020 regulation limiting sulphur content of marine fuels to up to 0.5%, which directly affects the price of sour crudes such as those composing the JCC mix. The IMO 2020 kicks in on 1st January 2020.
News Release
Europe to spearhead renewable energy cost reductions for offshore wind through 2028
- 18 11月 2019
Europe’s levelised cost of energy (LCOE) for bottom-fixed offshore wind will fall from an average of $133/MWh in 2019 to $51/MWh in 2028, according to new research by Wood Mackenzie.
News Release
Asia Pacific’s decarbonisation bill to hit US$3.5 trillion in 2040
- 12 11月 2019
Recent research by Wood Mackenzie indicates that Asia Pacific’s decarbonisation bill could hit US$3.5 trillion by 2040. This includes investments in solar, wind, hydrogen, nuclear, and hydro power, collectively referred to as zero-carbon energy between now and 2040, under Wood Mackenzie’s accelerated transition scenario.
News Release
Seismic changes across upstream as industry grapples with energy transition
- 12 11月 2019
The energy transition is undoubtedly impacting corporate upstream strategies in significant and disruptive ways. Coupled with the post-2014 downturn in oil prices, Wood Mackenzie sees seismic changes in the way the industry allocates capital across development, exploration and in particular M&A.
News Release
Asia Pacific gas and LNG - 6 themes to watch in 2020
- 13 1月 2020
Wood Mackenzie has identified six themes that will impact Asia Pacific’s gas and LNG markets in 2020.
News Release
Volkswagen to become world’s largest electric vehicle manufacturer by 2028
- 14 1月 2020
Volkswagen has pledged to become carbon-neutral by 2050. Included in its roadmap for reaching this target is a plan to manufacture 22 million electric vehicles by 2028. Wood Mackenzie expects the company to miss this target. However, according to Wood Mackenzie's analysis, VW will hit 14 million EVs by 2028 - making it the world's largest EV manufacturer by the end of the decade.
News Release
2020 to be year of transition for global olefins industry
- 20 1月 2020
Wood Mackenzie expects the combined capacity expansion of base olefins - ethylene, propylene and butadiene - to hit unprecedented levels of around 20 million tonnes in 2020. This represents an increase of 6% on 2019 levels.
News Release
2020 gets off to a bumpy start for the refining sector
- 21 1月 2020
This year may prove to be a strong one for the refining sector, but 2020 has had a difficult start. Wood Mackenzie expects some turbulence this year as a number of factors come together – geopolitical risk, the impact of IMO 2020 regulations, and US tight oil production slowing, among them.
News Release
Will renewables displace conventional fuels in Asia’s growth markets in the 2020s?
- 05 2月 2020
In a new report, Wood Mackenzie highlights trends that will shape Asia Pacific’s power and renewables markets this decade.
News Release
Global onshore wind industry to reach maturity in 2020s
- 05 2月 2020
Solar power has emerged as the biggest threat to onshore wind's dominance in the decarbonisation battle. However, the tools available to the wind sector to combat this challenge are diminishing, according to Wood Mackenzie.
News Release
Can offshore wind sustain double-digit growth?
- 06 2月 2020
According to Wood Mackenzie figures, offshore wind will constitute 25% of total wind demand in 2028 - up from 10% in 2019 - and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment.
News Release
Global energy transition and supply issues key for aluminium in 2020
- 03 2月 2020
Potential supply disruptions in the Gulf and West Africa are key to the outlook for aluminium in 2020, according to Wood Mackenzie.
News Release
Global battery electric vehicle sales to surge in 2020s
- 10 2月 2020
The second half of the 2010s saw the rebirth of the battery electric vehicle (BEV).
News Release
Brazil’s consumers ‘pay price’ for power costs problems
- 12 2月 2020
New research from global natural resources consultancy Wood Mackenzie indicates the fuel pricing mechanism used by Brazil’s Energy Planning Agency (EPE) in the country’s power auctions does not align with the New Gas Market programme – and Brazilian electricity consumers may pay the price for this.
News Release
OPEC+ ‘no deal’ a blow to the market
- 06 3月 2020
The OPEC+ meeting broke up without a deal, what does it mean for the markets?
News Release
Oil price rout may trigger major industry shake-up
- 10 3月 2020
As global markets reel in the wake of the oil price crash, Wood Mackenzie’ corporate analysis team believes the price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s.
News Release
US storage market sets power capacity record with Q4 2019 deployments
- 10 3月 2020
The United States energy storage sector set a power capacity record in Q4 2019, deploying 186.4 megawatts (MW) and 364.2 megawatt-hours (MWh) of storage.
News Release
Coronavirus restrictions set to hit US utility-scale solar projects
- 01 4月 2020
The coronavirus pandemic is likely to have a material impact on utility-scale solar installations in the US this year, and perhaps even into 2021. In its Coronavirus: US Solar PV Supply Chain and Utility-Scale Market Risk report, Wood Mackenzie says that, in a best-case scenario, the market could see up to four weeks of supply delays affecting a few hundred MWs of modules and inverters. This, combined with construction disruptions, could translate into as much as 2 GWdc of project development delays in 2020.
News Release
African upstream capex ‘may be slashed by 33%’
- 31 3月 2020
Faced with the double whammy of the oil price crash and the coronavirus pandemic, Africa’s upstream sector looks set to slash capital spending by around 33% in 2020. Similar cuts to operating costs are also targeted by producers to stay cash-flow neutral. Unlike the 2015-16 price crash, this time nothing is sacrosanct: some operators will even wield the axe on committed spend, as well as the discretionary expenditure.
News Release
Oil price crash dents timeline of Australia’s second wave of FIDs
- 26 3月 2020
Wood Mackenzie’s latest analysis reveals that Australia’s next wave of LNG projects are likely to be delayed.
News Release
Global wind power capacity to grow by 112% over next 10 years
- 26 3月 2020
Global wind power capacity additions are expected to sit at an annual average of 77GW from 2020 to 2029, according to Wood Mackenzie.
News Release
Oil price rout: which supply is most at risk of shut-in?
- 27 3月 2020
The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?
News Release
India’s bulks supply chain takes a hit during lockdown
- 08 4月 2020
India is under a three-week lockdown from 25 March to contain the spread of the coronavirus outbreak. Businesses are shut, and the supply chain is disrupted. Industries are either closed or operating at sub-optimal utilisation.
News Release
Ukraine may hold key to Europe’s gas storage crunch
- 16 4月 2020
European gas storage is almost full to the brim – and with the mild weather, coronavirus lockdowns hitting demand and an over-supplied market, levels are not likely to drop soon. New analysis from natural resources consultancy Wood Mackenzie suggests October may prove critical for the market – and highlights a potential solution to the storage crunch.
News Release
150 GW of renewables projects in Asia Pacific at risk in a coronavirus-led recession
- 22 4月 2020
Wood Mackenzie’s latest research shows that up to 150 gigawatts (GW) of wind and solar projects across the Asia Pacific could be delayed or cancelled over the next five years (2020 – 2024), if the coronavirus-led recession extends beyond 2020.
News Release
European olefins production could recover in 2020 despite coronavirus
- 30 4月 2020
Europe saw a 20-year low in olefins production in 2019. Despite the coronavirus hitting demand, 2020 could show a recovery in production.
News Release
Grid congestion chokes renewables investments in Eastern Australia
- 30 4月 2020
Australia’s renewables project pipeline in the National Electricity Market (NEM) remains massive at 67 gigawatts (GW) capacity (6GW under construction and 61GW in announced projects), but the current conversion rate to firm projects is low due to grid congestion, says Wood Mackenzie.
News Release
Oil supply cuts could curtail 15% of ethylene supply in Middle East
- 13 5月 2020
Approximately 15% of ethane-based ethylene supply in the Middle East could be lost this year due to oil supply dynamics, according to new analysis from Wood Mackenzie. This equates to around 1.5 million tons of ethylene.
News Release
Vestas breaks annual wind turbine installation record
- 11 5月 2020
Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.
News Release
UK gas market faces Covid-19 deadlock
- 21 5月 2020
The UK gas balance has reached a deadlock for the summer. Resilient UK production, Norwegian imports and baseload LNG imports are overwhelming the market with supply. And with lockdown placing huge pressure on electricity and fuel markets, demand will be weak throughout the summer.

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